Made-in-Vietnam: Trend or hype?

Many companies have already relocated supply chain functions away from China. Vietnam is one of the top destinations. But is Vietnam’s manufacturing sector a viable alternative to China’s massive industry complex? What is the strategic motivation, and the on-the-ground implications, of establishing production in Vietnam? And what does the Vietnamese home market have to offer?

KEY TALKING POINTS

• Vietnam's growth prospects
• Implications of outsourcing to Vietnam
• Vietnam's domestic market potential
• China+1
• Asia-Pacific geopolitical development

SPEAKERS

Klaus Gørrissen is Project Director at the LEGO Group’s new manufacturing plant in Vietnam. The plant will strengthen LEGO’s supply chain capabilities across the Asian region as a supplement to LEGO’s production facilities in China. Klaus has previously also worked in China for several years.  

Thomas Jakobsen is Managing Director at Indochina Energy Partners, which is located in Ho Chi Minh City. Thomas has many years of experience from investment and consulting projects in Vietnam and other South-East Asian markets, with particular emphasis on renewable energy.

Radomir Tomovic is Head of International Business Advisory at Dezan Shira & Associates in Vietnam. Radomir advises international clients about establishment procedures, legal compliance, and other factors when investing in Vietnam. He is based in Dezan Shira’s office in Hanoi.